Intelligent Money - your investment questions answered
Discussion
Burwood said:
I assume that's a wager based on one of Groats yields which we know is probably 15% (more if leveraged). Haven't seen you around for a while Groat 
I am not sure Groat would settle for 15%, which is why I tried to get PH Equity in! 
Groat - You have email showing the donation of £1,000.
JulianPH said:
To be honest mate, I can't quite remember what the wager actually was. It has been a rather busy year!
The property capital gain can only be included upon sale!
Given everything that has happened (and is continuing to happen) over the last year I think you will win this hands down unless Ma Groat was in PH Equity!
What I thought we had done is agree to a wager that we performed far better than her previous provider (which we certainly have), but I'll send £1,000 to Scope without any quibble as it is an excellent cause.
The property capital gain can only be included upon sale!
Given everything that has happened (and is continuing to happen) over the last year I think you will win this hands down unless Ma Groat was in PH Equity!
What I thought we had done is agree to a wager that we performed far better than her previous provider (which we certainly have), but I'll send £1,000 to Scope without any quibble as it is an excellent cause.
The bit I can't remember was the amount. Actually I don't think there was an agreed amount (tho' I'm happy to be corrected and also happy to agree to £1k).
Not sure about the "better than previous provider" bit either. Pretty sure (tho not certain) that the NFU thing had a 4% guarantee.
Anyway you're right about the "hands down win" bit. In fact she'd have made more than IM did if she'd stuck her funds in a box under the bed!! At least that way she'd have made zero rather than a minus number
HOWEVER: It never really was a fair bet. Other than in the most unusual (and unpredictable) circumstances, an equity investment is never going to beat a lo-cost let property. Even more so if the property's growth in value is to be part of the equation. With that in mind, I'm totally happy to make it void!
Of course, if you're feeling LUCKY, i could offer double-or-quits over the next 12 months!!
Ps: Just got your email.
Groat said:
Burwood said:
I assume that's a wager based on one of Groats yields which we know is probably 15% (more if leveraged). Haven't seen you around for a while Groat
15%??? 15%??? Try property cost £2.5k annual rent £3.6k Burwood said:
have you deducted the medical and dental bills incurred during the collection process
Actually that particular one (whose tenant lives in Spain) is closed whilst she refurbishes it yet again before going back to renting its 3 x chairs at £150 a week each. God knows why. It's in perfect condition anyway. S'pose it's a fashion thang. (I bought it unoccupied and derelict off an old retired asian couple who'd run it as a convenience store forever and a day).
https://www.google.com/maps/@55.8623132,-4.2057917...
Now THIS magnificent specimen (the one with boards on) is an abandoned property. I noted my interest in it several years ago. And sometime very soon, 10 years having passed, I am going to claim it as my own.
277 Saracen St 0/4 G22 5JX (google it)
In my fever dream I see it being rented to one of the staff from the bar next door. If not, I see £495pcm from the state to house one of the area's endless supply of 'vulnerable' people.
Dunno how you calculate the yield on a unit that costs you nothing. Mind you I suppose its equities equivalent is the free share giveaway like building societies did a couple of decades ago.
Edited by Groat on Friday 30th October 17:31
JulianPH said:
Groat said:
JulianPH said:
We did indeed! Obviously property prices are on the rise and CV19 has had a huge negative impact on markets, but I will put forward PH Equity for the wager.
I thought the wager was Ma Groat's IM investment performance versus the investment performance of a Stupid Money property of the same value as her investment at the time she made it?
(And I didn't know the property's capital gain was also to be involved when calculating the property's performance).
Edited by Groat on Friday 30th October 10:33
The property capital gain can only be included upon sale!
Given everything that has happened (and is continuing to happen) over the last year I think you will win this hands down unless Ma Groat was in PH Equity!
What I thought we had done is agree to a wager that we performed far better than her previous provider (which we certainly have), but I'll send £1,000 to Scope without any quibble as it is an excellent cause.
Edited by Phooey on Friday 30th October 18:22
Groat said:
HOWEVER: It never really was a fair bet. Other than in the most unusual (and unpredictable) circumstances, an equity investment is never going to beat a lo-cost let property. Even more so if the property's growth in value is to be part of the equation. With that in mind, I'm totally happy to make it void!
It would be interesting to reset the time period and see who wins over the next 12 months.BTW Groat I presume you submitted audited accounts as proof of gain...?
Also suggest launch of the 'Great Groat Property Fund' so we can all pile in
Simpo Two said:
It would be interesting to reset the time period and see who wins over the next 12 months.
Delighted to, Old Chap. Fancy the same wager? Needn't be a grand, £100 would do, although if your 'fun bet' level IS a grand then I'm good with it
BTW Groat I presume you submitted audited accounts as proof of gain...?
Ahem. Do I HAVE to explain why that's a silly thing to presume?
Also suggest launch of the 'Great Groat Property Fund' so we can all pile in
Sorry, Old Boy, but that boat sailed some time ago. HOWEVER I do know a number of property guys you could suggest it to who you don't know any better than you know me. Risk is they might think you're mental. (and no, I might give you their numbers but you certainly can't say I advised you to approach them. Hmmm. Having said that, it might be good for a so I'll think about that last bit
Delighted to, Old Chap. Fancy the same wager? Needn't be a grand, £100 would do, although if your 'fun bet' level IS a grand then I'm good with it
BTW Groat I presume you submitted audited accounts as proof of gain...?
Ahem. Do I HAVE to explain why that's a silly thing to presume?
Also suggest launch of the 'Great Groat Property Fund' so we can all pile in
Sorry, Old Boy, but that boat sailed some time ago. HOWEVER I do know a number of property guys you could suggest it to who you don't know any better than you know me. Risk is they might think you're mental. (and no, I might give you their numbers but you certainly can't say I advised you to approach them. Hmmm. Having said that, it might be good for a
so I'll think about that last bit Phooey said:
Wow, and just like that.. what a good man you are Julian
It's sad to think you'd think for one moment Julian would do anything other than pay on a wager he lost. Edited by Phooey on Friday 30th October 18:22
He MIGHT just ascribe a regular donation to the bet
but a gentleman never welches on a bet. Surprised you need to be told that.
Burwood said:
I won’t turn this into the `groat appreciation thread. Welcome back? I haven’t seen your musings for some time :thumbsup:
Hahahaha!! It's only a short visit, but thanks for the warmth . Tbh I haven't much to say anymore, although I still can't resist reminding pitchfork gangs the castle they're advancing on has huge cauldrons of boiling oil on the battlements awaiting them Groat said:
Burwood said:
I won’t turn this into the `groat appreciation thread. Welcome back? I haven’t seen your musings for some time :thumbsup:
Hahahaha!! It's only a short visit, but thanks for the warmth . Tbh I haven't much to say anymore, although I still can't resist reminding pitchfork gangs the castle they're advancing on has huge cauldrons of boiling oil on the battlements awaiting them 
(sort of....)Groat said:
Simpo Two said:
It would be interesting to reset the time period and see who wins over the next 12 months.
Delighted to, Old Chap. Fancy the same wager? Needn't be a grand, £100 would do, although if your 'fun bet' level IS a grand then I'm good with it
Delighted to, Old Chap. Fancy the same wager? Needn't be a grand, £100 would do, although if your 'fun bet' level IS a grand then I'm good with it
Simpo Two said:
Groat said:
Simpo Two said:
It would be interesting to reset the time period and see who wins over the next 12 months.
Delighted to, Old Chap. Fancy the same wager? Needn't be a grand, £100 would do, although if your 'fun bet' level IS a grand then I'm good with it
Delighted to, Old Chap. Fancy the same wager? Needn't be a grand, £100 would do, although if your 'fun bet' level IS a grand then I'm good with it
I don't think for one minute that equities of any kind are going to have a good time, but I also think that property - all classes - is likely to suffer a shed load of grief too.
Strange days are upon us.
Taita said:
Given the --3% - 4% across my three funds in IM today I've chucked a bit more in, long term view and all that!
Hopefully gets invested quickly on Monday before it recovers
I'm off by 4% over the week in my full fundsHopefully gets invested quickly on Monday before it recovers
c'mon jph stop poncing about (joke btw) hopefully once US election sorted the trend gets back on track , my moneys on it so lets f
king hope so :-)Gassing Station | Finance | Top of Page | What's New | My Stuff